In earned value analysis the “schedule variance” is the earned
value minus the planned value. Consider the following situation. A
project has a planned schedule of 12 months with an estimated
project cost of $800,000 . At six months into the project, the
project manager quits and you are asked to take over the project.
You discover that the accumulated costs are already $200,000 but
only 25% of the work is complete. What is the schedule variance for
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